Basic Information

  • MLS # A11824939
  • Type Condominium
  • Status Active
  • Subdivision/Complex The Strand On Ocean Drive
  • Year Built 1964
  • Total Sqft 516
  • Date Listed 06/18/2025
  • Days on Market 13
Description

Spacious renovated studio with a balcony in a popular South Beach condo-hotel. Fully licensed for short-term Airbnb rentals. Features a rooftop pool and the famous Palace Bar on the ground floor. Fully renovated in 2023 with new flooring, paint, furniture, doors, and a NEW AC unit. Sold furnished with proven 9 - years rental history. 2024 gross income - $80,000 and 80% occupancy through the year. No hotel program—owners can rent on their own or through any third-party manager. HOA includes all utilities: electricity, water, sewer, internet, TV, and front desk service. Option to continue with the current professional management or choose your own. Strong bookings and high ROI. Turnkey investment with income potential from day one.

Amenities

  • Cabana
  • Pool
  • Elevators

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool Yes
  • View Other
  • Construction Type Other
  • Parking Description None
  • Exterior Features Balcony
  • Style Condominium

Interior Features

  • Adjusted Sqft 516Sq.Ft
  • Cooling Description Central Air
  • Equipment Appliances Dishwasher, Electric Range, Microwave, Refrigerator
  • Floor Description Laminate
  • Heating Description Other
  • Interior Features Other, Bar
  • Sqft 516 Sq.Ft

Property Features

  • Address 1024 Ocean Dr #A202
  • Aprox. Lot Size 516
  • Architectural Style Other
  • Association Fee Frequency Monthly
  • City Miami Beach
  • Construction Materials Other
  • County Miami- Dade
  • Furnished Info no
  • Listing Terms Cash, Conventional
  • Occupant Type Vacant
  • Parking Features None
  • Patio And Porch Features Balcony, Open
  • Pets Allowed No
  • Pool Features Association
  • Possession Close Of Escrow
  • Postal City Miami Beach
  • Public Survey Township 2
  • HOA Fees $1,730
  • Subdivision Complex The Strand On Ocean Drive
  • Subdivision Info The Strand On Ocean Drive
  • Tax Amount $5,381
  • Tax Legal desc T H E S T R A N D O N O C E A N D R I V E C O N D O U N I T A202 B L D G1024 U N D I V0.921693980% I N T I N C O M M O N E L E M E N T S O F F R E C23668-2131 C O C23832-45440820051
  • Tax Year 2024
  • Terms Considered Cash, Conventional
  • Type of Property Condominium
  • View Other
  • Year Built Details Condo- Hotel

1024 Ocean Dr #A202

Miami Beach, FL 33139

Similar Properties For Sale

The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Vera Realty LLC. tel: 305-833-3303

Real Estate IDX Powered by: TREMGROUP